SJP and pension transfers, the triple lock and savings accounts - here's our weekly heads-up on the financial stories that may have caught your clients' attention over the weekend..
Who is really benefiting from pension transfers? On a weekend The Sunday Times did some groundbreaking reporting into the government's handling of coronarvius (you can read that here), but on the personal finance side it also reports that St James's Place (SJP) has made an estimated £2.7 million in advice fees after receiving £56.4m of transferred defined benefit (DB) pensions. The advice giant has been the biggest beneficiary of funds transferred out of DB pensions, according to data from scheme administrator LCP, The Times reports. Prudential and Royal London have received £36.6 mil...
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